ࡱ> +-* : bjbj .rr:     4444 @4y.TTTTT///$Y /////  TT3/ T T/\T s/EtI0y|,[p <//////////y///////////// : Chapter 7 Study guide (Market structures) Littlejohn Chapter 7, section 1 What are the four types of market structures? What are the five characteristics of perfect competition? What would be the best example of perfect competition in the real world? Define imperfect competition. How is monopolistic competition different from perfect competition? Give an example of an industry that has monopolistic competition. What does product differentiation mean? What is nonprice competition? What is an oligopoly? Give an example of an industry that would have an oligopoly. What does the book mean when it states that oligopolies have interdependent behavior? Define collusion and price-fixing. What is a monopoly? What would be a close example of a monopoly in the real world? Describe a natural monopoly, geographic monopoly, technological monopoly and a governmental monopoly. Chapter 7, section 3 What is a trust? How do trusts create market failures? Explain what the following laws did : Sherman Antitrust Act, the Clayton Antitrust Act and the Federal Trade Commission Act.  ; < o : huhd[h7oGhJ*67MN| a <  n o  & Fgdugdugdd[ & Fgdd[ & FgdJ :  & Fgdu,1h/ =!"#$% ^ 2 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmH nH sH tH @`@ NormalCJ_HaJmH sH tH DA D Default Paragraph FontRiR  Table Normal4 l4a (k (No List H@H 7oG Balloon TextCJOJQJ^JaJPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭V$ !)O^rC$y@/yH*񄴽)޵߻UDb`}"qۋJחX^)I`nEp)liV[]1M<OP6r=zgbIguSebORD۫qu gZo~ٺlAplxpT0+[}`jzAV2Fi@qv֬5\|ʜ̭NleXdsjcs7f W+Ն7`g ȘJj|h(KD- dXiJ؇(x$( :;˹! I_TS 1?E??ZBΪmU/?~xY'y5g&΋/ɋ>GMGeD3Vq%'#q$8K)fw9:ĵ x}rxwr:\TZaG*y8IjbRc|XŻǿI u3KGnD1NIBs RuK>V.EL+M2#'fi ~V vl{u8zH *:(W☕ ~JTe\O*tHGHY}KNP*ݾ˦TѼ9/#A7qZ$*c?qUnwN%Oi4 =3N)cbJ uV4(Tn 7_?m-ٛ{UBwznʜ"Z xJZp; {/<P;,)''KQk5qpN8KGbe Sd̛\17 pa>SR! 3K4'+rzQ TTIIvt]Kc⫲K#v5+|D~O@%\w_nN[L9KqgVhn R!y+Un;*&/HrT >>\ t=.Tġ S; Z~!P9giCڧ!# B,;X=ۻ,I2UWV9$lk=Aj;{AP79|s*Y;̠[MCۿhf]o{oY=1kyVV5E8Vk+֜\80X4D)!!?*|fv u"xA@T_q64)kڬuV7 t '%;i9s9x,ڎ-45xd8?ǘd/Y|t &LILJ`& -Gt/PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!0C)theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] ::  :  8@0(  B S  ?<<3*67Moo<oo<,x^`o(. ^`hH. pLp^p`LhH. @ @ ^@ `hH. ^`hH. L^`LhH. ^`hH. ^`hH. PLP^P`LhH.,          JQ47oGaIed[.')u:<@:@UnknownG*Ax Times New Roman5Symbol3. *Cx Arial5. .[`)TahomaA$BCambria Math"qhS)gS)g$!24883QKX ?J2!xx )Chapter 7 Study guide (Market structures)Alice and KennyLittlejohn, Ken Oh+'0x  ( 4 @ LX`hp,Chapter 7 Study guide (Market structures)Alice and KennyNormalLittlejohn, Ken2Microsoft Office Word@F#@wz`@:lm/@:lm/՜.+,0  hp  Greenville Schools8 *Chapter 7 Study guide (Market structures) Title  !#$%&'(),Root Entry FOs/.1Table !WordDocument.SummaryInformation(DocumentSummaryInformation8"CompObjr  F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q